Pinto Maria Luiza de Oliveira 4

What Happened

• Maria Luiza Pinto, Vice President, Sustainability, Communications & Brand at Suzano S.A., received an award of 8,706 cash‑settled phantom shares on March 30, 2026. The award is reported on a Form 4 filed March 31, 2026.
• No per‑share purchase price is shown because these are phantom (derivative) awards that will be settled in cash based on Suzano common‑share market price upon vesting. Vesting date: March 1, 2029, subject to conditions.

Key Details

• Transaction date: 2026-03-30; Form 4 filed: 2026-03-31 (timely filing).
• Transaction type/code: A (award/grant) — derivative phantom shares.
• Amount: 8,706 phantom shares granted; no immediate common shares acquired and no dollar value reported in the filing.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Cash‑settled phantom shares granted 03/30/2026, vest 03/01/2029; each phantom share references one Suzano common share and will be settled in cash upon vesting.
  • F2: Value tied to market price of Suzano common shares and paid in cash upon vesting per plan terms.

Context

• These phantom share awards are a form of compensation, not an open‑market purchase or sale. They do not convey current ownership of common stock and will pay out in cash if vesting conditions are met.
• For retail investors: awards signal company compensation practices but are not the same as insider purchases (which are often viewed as a stronger bullish signal).